A critical week for Bitcoin, HYPE, ZEC and KAS! key price

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Outlook for the new week of the crypto market: Four major stories of Bitcoin, HYPE, Zcash and Kaspa

In the new week, the cryptocurrency market has ushered in four completely different narrative lines. Affected by weak U.S. employment data released on Friday, Bitcoin once rebounded to around $87,000, re-approaching key resistance levels. In terms of Hyperliquid (HYPE), Zcash (ZEC) and Kaspa (KAS), in addition to price fluctuations, network development and usage data are equally eye-catching.

Technical points that need to be focused on currently include: Bitcoin in the US$87,000 -87,500 range, HYPE in the US$90 -92 range, and KAS at the US$0.50 mark. For ZEC, in addition to price trends, the large-scale network upgrade scheduled for November 5 has attracted much attention.

Can Bitcoin break through US$87,000?

Bitcoin again tested the $87,000 region this week and closed there after weak U.S. employment data was released. Previously released PCE data showed that core inflation increased by 0.2% month-on-month and about 3% year-on-year, both lower than market expectations. Only 29,000 new jobs were added in September, which somewhat alleviated market concerns that the Fed needs to tighten policy further.

However, it is not yet possible to conclude that Bitcoin's recovery has been fully confirmed. According to Glassnode, profit realizations remain limited compared to previous market highs, and selling behavior by long-term investors has increased recently. The relatively sluggish trading volume suggests that the market needs stronger buyer demand support if it is to start a new wave of rising prices.

Therefore, the primary critical area for Bitcoin lies between $87,000 and $87,500. If this resistance level is clearly breached, prices could move towards the next important selling pressure area-about $95,000.

Can HYPE hold on to the US$90 support?

Hyperliquid's native token HYPE has recently become one of the strongest performing assets in the market. HYPE continues to set new highs, and the platform is also expanding new application scenarios.

Since September 18, users can borrow USDC or USDT through HyperCore mortgage HYPE and Bitcoin. The first day of borrowing reached about US$270 million. In addition, the project also introduces a stop-loss order tracking function for perpetual contracts.

Another important factor in HYPE is its token economics. 99% of platform fees are directed to the "Assistance Fund" to repurchase HYPE from the market. In terms of price, the market is focused on the US$90 -92 region. If the region can transform into lasting support, the upward trend is expected to remain; if there is a correction, US$85 will be the first important support level.

Why does Zcash value November 5?

Zcash is one of the strongest performing crypto assets in recent times. In the past year, ZEC has increased by more than 1,000% and recently exceeded the $1,600 mark, the first time in nearly a decade.

如今，市场的关注点已超越价格本身。Zcash正在进行第七次重大网络升级的投票，计划于11月5日正式启用。此次更新将把区块生成时间从75秒缩短至25秒，使网络出块速度提升三倍。参与者还投票决定保留类似比特币供应模型的现有减半机制。

Zcash的另一项关键数据是隐私池中的供应量。根据最新更新状态，现有ZEC供应量的29%存储在屏蔽池（shielded pool）中。此外，另有400万枚ZEC被转移至新的Ironwood池中。

Kaspa能否突破0.50美元？

Kaspa的故事主要围绕其技术能力的扩展展开。项目的Tokata硬分叉引入了UTXO、契约（covenants）、交易审查机制和本地零知识验证等功能。9月发布的Silverscript 1.0则为开发者提供了更先进的工具，以构建基于契约的应用程序。同期上线的.k域名服务允许用户使用易读名称替代Kaspa地址，首日即注册了数千个域名。

在价格方面，KAS在过去一个月内上涨了约50%。这一走势促使投资者重新关注心理关口0.50美元。目前市场核心的问题是：Kaspa开发的技术能在多大程度上快速转化为实际的网络使用率。随着价格上涨，网络使用情况是否同步增长，将成为KAS未来一段时间的重要观察指标。